Author: Khusoko

The Kenya Bankers Association (KBA) elected Paul Russo, CEO of KCB Group, as its new chairperson during its Annual General Meeting on Friday. Russo succeeds John Gachora, Managing Director of NCBA Group, who has served as chairperson since June 2021. Betty Korir, CEO of Credit Bank, was re-elected as vice chairperson, ensuring leadership continuity within the KBA. This leadership transition occurs amid heightened regulatory scrutiny from the Central Bank of Kenya (CBK). The CBK has proposed a Risk-Based Credit Pricing Model, which would tie lending rates to the Central Bank Rate (CBR) plus a fixed premium, referred to as “K.”…

Equity Bank now finds itself at a critical crossroads—not just in a legal dispute, but in a moral and economic test of leadership. TransCentury PLC and East African Cables, two companies once brimming with regional promise, are in distress. Ksh 4 billion for TransCentury and Ksh 1.5 billion for East African Cables in outstanding loans loom over them, while more than 1,500 direct jobs and 10,000 indirect livelihoods hang in the balance. But beyond the figures lies a deeper question: should Equity act as an undertaker, sealing their fate, or as a physician, diagnosing the illness and reviving the patient?…

Del Monte Kenya’s mission extends beyond pineapple cultivation, emphasising sustainable agriculture and environmental stewardship. In 2024, the company launched a pioneering biofertilizer plant, a milestone. This facility converts pineapple byproducts, previously used for animal feed and compost, into high-quality biofertilizers. By leveraging naturally occurring microbes, these biofertilizers enhance soil health, improve nutrient availability, and provide a sustainable alternative to conventional fertilisers. The plant produces various biofertilizer types, supporting Del Monte’s farms and other East African growers. This initiative optimises resource use and establishes a regional standard for sustainable agriculture and environmental responsibility. Wayne Cook, Acting Deputy Managing Director, captured the…

Dr. Sidi Ould Tah of Mauritania has been elected as the ninth President of the African Development Bank (AfDB) for a five-year term, succeeding Nigeria’s Dr. Akinwumi Adesina, whose second term ends in August 2025. Tah secured a decisive victory after just three rounds of voting by the Bank’s Board of Governors, which comprises finance ministers and central bank governors from the AfDB’s 81 member countries. In the final round, Tah won 76.18% of the vote, comfortably beating Zambia’s Samuel Maimbo (20.26%) and Senegal’s Amadou Hott (3.55%). Chad’s Mahamat Abbas Tolli and South Africa’s Bajabulile Tshabalala were eliminated in…

If you are a woman in your reproductive years or even older, there is an 80 per cent chance that you are likely to get fibroids at some stage in your life, though not everyone will have symptoms. Below is a comprehensive overview of uterine fibroids, including risk factors, symptoms, diagnosis, and treatment options. This information empowers you to monitor changes in your body and seek appropriate care. What are uterine fibroids? Uterine fibroids are very common non-cancerous growths that develop in the uterus. Though they are common and typically do not become cancerous, they can cause a range of…

The Federation of Kenya Employers said that overall unemployment in Kenya is 12.7 per cent, among the highest in Africa and the top in the East African region. The Kenyan youth aged between 15 and 34, who form 35 per cent of the Kenyan population, have the highest unemployment rate of 67 per cent. According to FKE, over one million young Kenyans enter the labour market annually without any skills, some having either dropped out of school or completed school and not enrolled in any college. At the same time, at least 50,000 Kenyans graduate annually from universities and colleges, joining…